The Federal Inland Revenue has issued a circular on NASENI Act. This Circular clarifies how the charge that can be collected under the NASENI Act is administered. It is granted in accordance with the terms of the Companies Income Tax Act, Cap. C21, LFN 2004, the Federal Inland Revenue Service (Establishment) Act, No. 13, 2007 (as amended), and the National Agency for Science and Engineering Infrastructure (Establishment) Act, Cap. N3, LFN 2004. (as amended). This tax is assessed at a rate of 0.25 percent of the profit before tax of commercial enterprises and firms with annual revenues of N100,000,000 or more.
Persons liable to pay NASENI Levy

I. Banking: These are companies engaged in banking activities as defined under the Banks and other Financial Institutions (BOFIA) Act, 2020.
ii. Mobile Telecommunications: These are companies engaged in mobile telecommunications as licensed by the Nigerian Communications Commission and other industry regulators.
iii. ICT: These are companies engaged in the business of information communications technology as licensed by the National Information Technology Development Agency and other regulators of the industry.
iv. Aviation: These are companies engaged in business activities that are regulated by the Nigerian Civil Aviation Authority and Nigerian Airspace Management Agency.
v. Maritime: These are companies engaged in business activities regulated by the Nigerian Maritime Administration and Safety Agency.
vi. Oil and Gas: These are companies engaged in Upstream, midstream, and downstream business and gas companies as defined under the Petroleum Industry Act (PIA), 2021.